HomeMy WebLinkAbout25930. R. 5~ FA6E 5~~
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and shall perform. a°~ toylhishmortg ge~they thist mortgage and ethe a taterthere6y trl elated. FIOnI{ tCPnl e. ~P
covenants lhereot, (
termine and be null and t>oid.
lln~ the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest a!Id other scants of money provided for in said note and this mortgage, or eit{ter; to pny all and
singular the !u-ces. assessments, levies. liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit, commit or softer no waste, impairment or deterioration of said land or the improvements
ther?on nt nny time: to keep the buildings nou, or herea)ter on snid land fully insured in n sum of not less
tltnrt the unpaid principal amount of this mortgage
in n company or companies acceptable to the mortgagee, 1hP policy or policies to be held by, and payable
to, snid mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
ntortgn~ee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
or or nny surplus; to pay all costs, charges, and expenses, including lnu,yer's tees and title
to IIiP mortgag f
searches, reasonably inrurre(I or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of snid note and this mortgage.
ter orm. com Iv with and abide by each and every the agreements, stipulations, conditions and
or either; to { ( P .
covenants set forth in snid note and this mortgage or either. In the event the mortgagor fails to pay when
due nny tax, assessment, insurance premium or outer sum of money payable by virtue of said note and this
mortgage, or eillter, this mortgagee may pny the same, u(ilhout waiving or affecting the option to foreclose
or any other righ! hereunder, and all such payments shall bear interest from date thereat nt the highest lnu~-
(ul rate then nllowe(l by the lows of the State of Florida.
s 10 days next of ter
~i any sum of money hPrvin referred to hP not promptly paid within
the same bP('OntpS due. or if each and every the agreements, stipulations. conditions and covenants of said
note and this morlftage, or either, ar• not fully pert ornted, complied with and abided bv, then the entire
sum mentioned in said note. and this mortgage, or the entire balance unpaid thereon, shall torthwitll or
thereafter, at the option of the mortgagee, become and be due and payable, anything in snid note or herein
to the contrary nal[villlslnnding. Failure by the mortgagee to exercise any of the rigltls or options herein
provided shall not constihrtP n u(niver n( any rights or options under snid note or this mortgage accrued or
thereafter accruing.
~tt ~ttness $~ihereof, th(• soul nwrlgngor 11x5 here[(nta Slgrled (lIl(l Sealed these prPSelliS the
;lay and year Jirst abov(• a•riRPn. THIS IS A BALLOOV MORTGAGE ANP. THE F IN~~.Y~-
liar d, sc•prf~! nrtn P (~P 1
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lh(• prnsencP
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ST:1TE OF FL:)RID:1,
cc)t'~'rti' c)F ST. LUCIE
I HF,REB1' CF.R"I'IFY that on this .day, before roc, an
off tier duly ;,uthorized in the State aforesaid and in the Count•• afo-~~said to take acknowledgments, personally appeared
GEORGE ESPOS ITO and MARCYE E . ES FOS ITO, his wife,
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to nu known to Iw• the p~ rsnn S described in and who r~ecuted the foregoing instrument and they acknowledged
before Ine that they executed the samc-
1\'1 h\F.SS my hand and official seal in the County -amt State last aforesaid this 18th day u(
December :~. r). f~ 62 . ~
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~. '~_"~ ~_~_~'~" notary Public, State o i
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c at Large . s- ~~~
tFIIEQ,~N~ ~C~(~pE~ My Commission Expires:
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1962 DEC 2 I AM 8' S7
ROGER f 01TRAS, CLERK
ST. LUCIE COUtITY, FLORIDA
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